Date: February 7, 2020
To help achieve the UN’s Sustainable Development Goals by 2030, Vietnam presented a $45 billion opportunity for the private sector to invest in sustainable development.
Vietnam presented a $45 billion opportunity for the private sector to invest in sustainable development to help achieve the UN’s Sustainable Development Goals (SDGs) by 2030, according to a recent study by the international banking group Standard Chartered.
The opportunity 2030 study revealed an almost $10 trillion opportunity for private-sector investors across emerging markets, with Vietnam presenting $45.8 billion of that total.
The opportunities for the private sector would come from contributions to three infrastructure-focused goals between now and 2030, including clean water and sanitation, affordable and clean energy, and industry, innovation and infrastructure.
SDG investment opportunities were found transport infrastructure and improving digital access, according to the study.
The study found that to achieve universal digital adoption would require private-sector investment of around $24.4 billion on 2030. The significantly improve the Vietnam’s transport infrastructure would require an estimated investment of $20.1 billion from the private sector.
The potential private-sector investment opportunity in the water sector was smaller, the study noted. However, as 11 percent of Vietnam’s population still did not have access too clean water and sanitation, investment would make a real impact.
To help achieve universal access to clean water by 2030 would require an estimated private-sector investment of $1.3 billion.
“A series of ongoing market reform is making Vietnam an increasingly attractive place for investors. The government is committed to the UN Sustainable Development Goals and is working directly with the UN to align its development plans with the SDGs,” Niruk Sapru, CEO Vietnam and ASEAN & South Asia Cluster Markets at Standard Chartered Bank said.
“Opportunity 2030 provides an important map of the SDG opportunities for private sector investors looking to invest with impacts and improve the lives of millions over the next decade, “he stressed.
Statistics showed that now 89 percent of the population got access to clean water and digital access by 2030, which would require total investment of $13.1 billion and $40.7 billion by 2030, respectively.
Vietnam already had universal access to power. However, with a growing economy, there would be an additional need for continual investment in affordable and clean energy to maintain access in a sustainable way, the bank said.